PUBLIC NOTICE TO ELECTORS OF THE TOWN OF BONNYVILLE, PROVINCE OF ALBERTA
SECTION 251 – THE MUNICIPAL GOVERNMENT ACT
TAKE NOTICE that the Council of the Town of Bonnyville, in the Province of Alberta, has given first reading to borrowing Bylaw No. 1467-18 which will, upon final passage and approval, authorize the proper officers of the Town to borrow monies from the Alberta Capital Finance Authority by way of debenture issue, to pay for the cost of the Regional Waterline Project to provide water to the Town of Bonnyville from Cold Lake.
The total cost of the aforesaid project amounts to $72,000,000.00. After deducting from the cost the amount of grant funding and Municipal contributions, the net amount to be borrowed on the credit and security of the municipality at large by the issue of debenture is $3,000,000.00. The debenture is to be repayable to the Alberta Capital Finance Authority in FORTY (40) equal consecutive semi-annual installments of combined principal and interest, the annual interest not to exceed EIGHT (8) percent or the interest rate as fixed from time to time by the Alberta Capital Finance Authority.
NOW THEREFORE NOTICE is hereby given by the Council of the Town of Bonnyville that, unless a petition of the electors for a vote on Bylaw 1467-18 is demanded, as provided for by the terms of Section 231 of the Municipal Government Act, the said Council may pass the said borrowing by-law.
All persons interested are hereby notified and they are required to govern themselves accordingly.
DATED at the Town of Bonnyville, in the Province of Alberta, this 25th day of January, 2018. Mark Power
Chief Administrative Officer
Town of Bonnyville
INFORMATION FOR ELECTORS
Pursuant to Section 1(i) of the Municipal Government Act an “elector” means:
A person who is eligible to vote in the election of councillor under the Local Authorities Election Act.
Pursuant to Section 47(1) of the Local Authorities Election Act a person is eligible to vote in an election if he:
- is at least 18 years old,
- is a Canadian citizen, and
- has resided in Alberta for the 6 consecutive months immediately preceding election day and is a resident in the area on election
A poll may be demanded in the Town of Bonnyville by electors equal in number to at least in the case of a municipality other than a summer village, by electors of the municipality equal in number to at least 10% of the population and in accordance with the provisions of section 223 of the Municipal Government Act and in accordance with the provisions of section 251 of the Municipal Government Act.
The petition for a vote must be received by the Chief Administration Officer within 15 days of the last publication of this notice and shall contain on each page “an accurate and identical statement of the purpose of the petition”. (Further requirements of the petition are provided in section 224 of the Municipal Government Act.)
DATE of the last publication of this notice is the 12th day of February 2018.